President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.

President Donald Trump promised crypto investors he’d usher in an era of legitimacy for an industry that’s long been relegated to the financial wilderness — dismissed by some mainstream investors as an highly speculative bet at best or an elaborate Ponzi scheme at worst.

The new Trump meme coins have MAGA world astir, Biden’s FTC chair issues a warning about “surveillance pricing,” and JD Vance’s political muse speaks out in this week’s Tuesday Tech Drop.